https://www.taxtmi.com/caselaws?id=16775 Voluntary contributions were treated as a referable question of law on whether they are taxable as income despite section 2(24)(ii)(a) of the Income-tax Act, 1961, and the Tribunal was directed to state the case on that issue. The earlier failure to pursue the point for one assessment year did not bar reference for a later year, because each assessment year is a separate proceeding and res judicata does not apply in terms to income-tax assessments. The formulated legal question was therefore referred to the High Court. en-us Mon, 20 Jul 1998 00:00:00 +0530 Sat, 12 Sep 2009 11:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16775 Voluntary contributions were treated as a referable question of law on whether they are taxable as income despite section 2(24)(ii)(a) of the Income-tax Act, 1961, and the Tribunal was directed to state the case on that issue. The earlier failure to pursue the point for one assessment year did not bar reference for a later year, because each assessment year is a separate proceeding and res judicata does not apply in terms to income-tax assessments. The formulated legal question was therefore referred to the High Court. Case-Laws Income Tax Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16775